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The U.S. coastal area most vulnerable to a hurricane strike this year is the Southeast stretch between the Florida-Georgia Border and Cape Hatteras, N.C., according to a new forecast.
XL Capital Ltd said it expects insured market industry wide losses for the recent Chilean earthquake will be between $6 billion and $8 billion, while its own losses could reach $205 million.
A U.S. District Court judge has ordered Aon and Marsh insurance brokerages to negotiate a settlement for a lawsuit that alleges three former employees of Aon stole trade secrets and clients from their former employer when they joined Marsh.
The Congressional Budget Office, in a report on the Troubled Asset Relief Program, said American International Group has failed to pay quarterly cash dividends due on $40 billion in preferred company stock.
Arthur J. Gallagher & Co. announced the acquisition of Winn & Co. Insurance Brokers, Inc. in Hollister, California. Financial terms were not disclosed.
Insurance representatives said they may get a deal for Senate financial services reform legislation with no financial assessments and little regulatory impact for high-asset insurers.
A Congressional Budget Office study reported that the health care reform legislation the House is expected to vote on by Sunday would cost $940 billion over 10 years.
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